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Cost Efficiency and Subsidization in German Local Public Bus Transit

Nieswand, Maria; Walter, Matthias - C.E.P.R. Discussion Papers - 2013

This paper examines the impact of endogenous deficit-balancing subsidies on the cost efficiency of local public bus companies by using alternative frontier cost models for panel data. Thereby, the multidimensional performance estimation incorporates the subsidy variable directly. The empirical...

Persistent link: https://www.econbiz.de/10011084257

Hospital competition with soft budgets

Brekke, Kurt Richard; Siciliani, Luigi; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2013

We study the incentives for hospitals to provide quality and expend cost-reducing effoort when their budgets are soft, i.e., the payer may cover deficits or confiscate surpluses. The basic set up is a Hotelling model with two hospitals that differ in location and face demand uncertainty, where...

Persistent link: https://www.econbiz.de/10011083526

Retail Chain Expansion: The Early Years of McDonalds in Great Britain

Toivanen, Otto; Waterson, Michael - C.E.P.R. Discussion Papers - 2011

Understanding the development of chainstores is important given the large GDP share of services and the continuing importance of chains in bringing these services to market. Service chains provide a puzzle because they take a long time to develop even when there are obvious expansion...

Persistent link: https://www.econbiz.de/10009246609

Families as Roommates: Changes in U.S. Household Size from 1850 to 2000

Salcedo, Alejandrina; Schoellman, Todd; Tertilt, Michèle - C.E.P.R. Discussion Papers - 2009

Living arrangements have changed enormously over the last two centuries. While the average American today lives in a household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the number of adults in a household have fallen...

Persistent link: https://www.econbiz.de/10008558585

Learning by Doing and Multiproduction Effects Over the Life Cycle: Evidence from the Semiconductor Industry

Siebert, Ralph - C.E.P.R. Discussion Papers - 2003

In this study we derive a structural econometric model of learning by doing with multiproduct competition from a dynamic oligopoly game. We show the importance to account for multiproduction effects through product differentiation when measuring learning by doing. Using quarterly firm-level data...

Persistent link: https://www.econbiz.de/10005497705

Privatization in Eastern Europe: Irreversibility and Critical Mass Effects

Roland, Gérard; Verdier, Thierry - C.E.P.R. Discussion Papers - 1992

This paper proposes a model to shed light on two important policy features of privatization in Central and Eastern Europe: the idea of a necessary critical mass of privatization on the one hand, and the difficulties encountered in the actual privatization process on the other, related to the...

Persistent link: https://www.econbiz.de/10005497782

Scale Effects in Markets with Search

Petrongolo, Barbara; Pissarides, Christopher - C.E.P.R. Discussion Papers - 2002

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may miss important scale effects at the micro level, because of the reactions of job searchers. A semi-structural model is developed and estimated on a British sample, testing for...

Persistent link: https://www.econbiz.de/10005504450

Democracy and Development: The Devil in the Details

Persson, Torsten; Tabellini, Guido - C.E.P.R. Discussion Papers - 2006

Does democracy promote economic development? We review recent attempts to addresses this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends - in a subtle way - on the details of democratic...

Persistent link: https://www.econbiz.de/10005789020

Democracy and Reforms

Amin, Mohammad; Djankov, Simeon - C.E.P.R. Discussion Papers - 2009

reform, because politicians have the incentive to embrace growth-enhancing reforms to win elections. On the other hand …

Persistent link: https://www.econbiz.de/10005124381

How Reform Worked in China

Qian, Yingyi - C.E.P.R. Discussion Papers - 2002

China’s reform worked and produced some of the most impressive growth in the largest developing and transition economy … conventional institutions such as rule of law and secure private property rights is puzzling. To understand how reform works in a … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China’s reform is a serial …

Persistent link: https://www.econbiz.de/10005136741